Ministry of Finance's Statement on the State's General Budge...| MENAFN.COM

Friday, 09 December 2022 03:14 GMT

Ministry of Finance's Statement on the State's General Budget 21 Riyadh

(MENAFN- Saudi Press Agency)
SAR 210 billion is earmarked for Military. The sector's budget includes allocations of SAR 10.2 billion for new development programs and projects covering building advanced systems and capacities. In addition, SAR 3.5 billion is allocated for military education, covering military colleges and King Saud bin Abdulaziz University for Health Sciences. Moreover, SAR 26.5 billion are designated for military medical services besides allocations for development initiatives that embrace developing weapon and defense systems, improving military readiness, reinforcing capabilities, increasing performance efficiency, updating strategic planning mechanisms, developing military bases, supporting the nationalization of military industry, and developing accommodation and service facilities. The sector's budget also incorporates salaries and wages of military personnel. Spending on operational and support programs and military construction and service projects needed will continue.
8-Health and Social Development:
SAR 147 billion is allocated to the sectors of health services and social development, of which SAR 33 billion are for the initiatives of Saudi Vision 2030. The sector's budget also accounts for completing the construction and equipment of hospitals and primary healthcare centers in all regions of the Kingdom of Saudi Arabia. 36 new hospitals with a total capacity of 8,950 beds are currently being established and developed in all regions of the Kingdom of Saudi Arabia. Two medical cities with a total capacity of 2,350 beds are also being constructed. During the current fiscal year, a new hospital with a capacity of 100 beds was delivered. The number of hospitals handed over during 2016-2018 will stand at 25 hospitals or 58% of the total planned number for the five years (2016-2020) with a total capacity of 5,150 beds or 52% of the total planned number for the same aforementioned period (2016-2020). As for the two medical cities that are currently under construction and development, they will not be finished before the end of the fiscal year 2018.
9-General Items:
A total of SAR 89 billion is allocated for General Items. The budget includes the government's contributions to Public Pension Agency and General Organization for Social Insurance, subsidies, cost of debt, and contingent expenses. The following table shows the distribution of the 2018 budget at the sectoral level:
Expenditure Estimates at the Sectoral Level (SAR billion, unless otherwise specified)
Public Administration3026-13.3%
Security and Regional Administration110101-7.8%
Municipal Services49538.2%
Health and Social Development13314710.5%
Economic Resources and Public Programs39105170.3%
Infrastructure and Transportation295487.2%
General Items85894.7%
16:13 LOCAL TIME 13:13 GMT


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